UBS AG reiterated their neutral rating on shares of International Business Machines Corporation (NYSE:IBM) in a report published on Saturday morning, www.flashratings.com reports. The brokerage currently has a $159.00 target price on the technology company’s stock, down from their prior target price of $167.00.

A number of other analysts have also recently commented on the stock. Royal Bank Of Canada reissued a sector perform rating and set a $160.00 target price (down previously from $165.00) on shares of International Business Machines Corporation in a research note on Saturday. Morgan Stanley reissued an overweight rating and set a $192.00 target price (down previously from $212.00) on shares of International Business Machines Corporation in a research note on Saturday. Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a $168.00 target price (down previously from $170.00) on shares of International Business Machines Corporation in a research note on Saturday. Argus reissued a buy rating and set a $175.00 target price (down previously from $192.00) on shares of International Business Machines Corporation in a research note on Friday, July 21st. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $182.00 price objective on shares of International Business Machines Corporation in a research note on Friday, July 21st. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $157.50.

International Business Machines Corporation (IBM) opened at 146.19 on Friday. The company has a market capitalization of $136.67 billion, a PE ratio of 12.14 and a beta of 0.98. The stock’s 50 day moving average price is $153.09 and its 200 day moving average price is $164.83. International Business Machines Corporation has a 12-month low of $145.80 and a 12-month high of $182.79.

International Business Machines Corporation (NYSE:IBM) last released its earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.23. The business had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.95 earnings per share. On average, equities analysts anticipate that International Business Machines Corporation will post $13.73 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 4.10%. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

In other International Business Machines Corporation news, Director James W. Owens bought 1,718 shares of International Business Machines Corporation stock in a transaction on Tuesday, May 16th. The shares were bought at an average cost of $153.19 per share, for a total transaction of $263,180.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.23% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the company. Pinnacle Bank acquired a new stake in International Business Machines Corporation during the first quarter worth about $1,416,000. HighPoint Advisor Group LLC raised its stake in International Business Machines Corporation by 11.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 21,150 shares of the technology company’s stock worth $3,848,000 after buying an additional 2,209 shares during the period. Nadler Financial Group Inc. raised its stake in International Business Machines Corporation by 14.1% in the first quarter. Nadler Financial Group Inc. now owns 2,595 shares of the technology company’s stock worth $452,000 after buying an additional 320 shares during the period. NewSquare Capital LLC raised its stake in International Business Machines Corporation by 13.7% in the first quarter. NewSquare Capital LLC now owns 6,502 shares of the technology company’s stock worth $1,132,000 after buying an additional 782 shares during the period. Finally, First Command Financial Services Inc. raised its stake in International Business Machines Corporation by 6.0% in the first quarter. First Command Financial Services Inc. now owns 6,866 shares of the technology company’s stock worth $1,196,000 after buying an additional 389 shares during the period. Institutional investors own 58.18% of the company’s stock.

About International Business Machines Corporation

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

Analyst Recommendations for International Business Machines Corporation (NYSE:IBM)

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